Today BTC is cosplaying the European Renaissance, dancing from the bottom up to $93,880, causing many FOMO traders to return to the exchange like electricity prices returning to wallets. But wait… could this be a short-lived joy, as RSI is longer than the government's faith in citizens regarding gas price reductions?
1D frame: Can BTC 'smell' 100k?
RSI(6): 86.20
BTC is overbought even more than a Dior bag on Black Friday sale, warning that this pullback could be a 'trap' before parting ways with the previous peak.
MACD: Preparing to create a golden cross and break out. But don't forget, the last time was the same and BTC dropped like the VN-Index facing margin tightening news.
Bollinger Band: The price just tapped the upper band (UP: 93.86, a temporary sign of euphoria, likely to be pushed back to the Mid Band at 84,630$.
International politics is as tangled as hair after a storm. The Fed hasn't dared to cut rates, the Middle East conflict is hotter than an El Niño summer, Trump and Xi are sending tax letters to each other, and Putin is trying to keep the kindergarten kid (NATO and Ukraine) in check, causing investors to hold BTC like they hold gold in troubled times.
Gold rises, oil rises, BTC rises, employment decreases, wages decrease, partying and women also decrease. The market is defensive, not euphoric. BTC is a 'shelter with blockchain', not a 'growth wave'.
4h & 1h frame: Day traders be careful of hitting the power lines.
4h frame: RSI also hits the overbought zone, candles touch the upper Bollinger band. Watch out for a short correction to the 90–91 range.
1h frame: Strong upward momentum, but candles are starting to doji, signaling weakening buying power.
For those who have already entered, don't FOMO anymore – go back to MA20 and have some tea.
For short wave traders: Day trading: Look to take profits around 94 – 95, SL below 91.
Investment gathering: Wait for the price range of 88 – 90 to board the train, cut losses if it falls below 84.
Long-term: BTC is still king, but even a king needs to sleep. Saving the world isn't urgent; accumulating gradually is wise.
In a world where gas, electricity, tuition fees, and instant noodle prices are all rising – BTC cannot stand still. But don't let FOMO emotions sweep us away, just as inflation sweeps money from our wallets. Keep a cool head, steady hands on the mouse – the world will belong to you.
